Cement News tagged under: corporate
Cementos Panama invests US$20m29 June 2005, Published under Cement NewsPanamanian cement company Cementos Panamáas has invested US$20m in the last five years to improve customer service and production, newspaper Panamáméica reported. Investment entailed improvement works on the company’s production line, such as its additives furnace and information systems, and also included construction of an electric substation and a bulk cargo terminal. In 2004, Cementos Panamá produced 500,000t, representing about half of the country’s total cement consumption. The comp... |
Ciments du Maroc to invest Euro 140m29 June 2005, Published under Cement NewsMoroccan cement company Ciments du Maroc, owned by Italian sector group Italcementi, plans to invest Euro 140m over the following five years, it was reported on June 28, 2005. Ciments du Maroc, which has a 28 per cent market share in Morocco, at present manages three plants with an annual production capacity of 3.2Mt. Carlo Pesenti, CEO of Italcementi, met representatives of the Moroccan Government, at which a new agreement was discussed. A similar agreement will also be signed by Lafar... |
AXA reduces HeidelbergCement stake28 June 2005, Published under Cement NewsAXA, the French insurer, was reported to have reduced its share of the voting rights in HeidelbergCement, the German building materials group, below 10 per cent as at June 20, when its holding stood at 8.42 per cent. The French company was reported to have held 10.22 per cent in the German company since October 2004. |
Semen Gresik names Dwi Soetjipto President Director28 June 2005, Published under Cement NewsPT Semen Gresik, Indonesia’s biggest cement maker, yesterday named Dwi Soetjipto president director. The decision was announced by Zaenal Arifin, outgoing president commissioner, after a shareholders’ meeting in Jakarta. Soetjipto takes over from Satrio, while Arifin will be succeeded by Agus Tjahjana. Dwi, 49, became president director at the PT Semen Padang unit on May 12, 2003, following a dispute with the previous management, which was trying to block the sale of a controlling stake... |
Lafarge to invest more in gypsum division27 June 2005, Published under Cement NewsLafarge said on Monday it would increase its gypsum production by 20 per cent, through an investment of 300 million euros ($362.5m). The world’s biggest cement maker said the expansion would take place over the next 2 years and boost its gypsum capacity by 200 million square metres. It said the investment would be used to expand in existing markets and to enter new markets, including South Africa, Ukraine, Mexico, Algeria and Saudi Arabia. Lafarge reported a 50 per cent rise in operati... |
Cemex to split shares on July 127 June 2005, Published under Cement NewsCemex said on Friday it will carry out a planned share split to boost liquidity on July 1. Cemex shareholders approved the two-for-one share split at a meeting in April. Under the move, stockholders will receive two new Certificate of Ordinary Participation, or CPO -- divided into two series "A", and one series "B" -- for each CPO now held. The split is expected to drive down the price of company shares traded on the Mexican stock market. |
Madras Cements’ net up 67%27 June 2005, Published under Cement NewsDespite a 20 per cent increase in power and fuel cost and only a marginal increase in realisation per tonne of cement, Madras Cements Ltd has posted a 67 per cent increase in net profit and a 6.5 per cent increase in sales for the year ended March 31, 2005. It reported a net profit of Rs 55.92 crore on sales of Rs 739.97 crore in 2004-05 against a net profit of Rs 33.40 crore on sales of Rs 694.60 crore in the previous year. The board of directors has recommended a final dividend of Rs 4 a s... |
UAE Union Cement Secures loan27 June 2005, Published under Cement NewsUAE Ras al-Khaimah cement manufacturer Union Cement has secured a $100m loan to be extended by Jordan-based Arab Bank and a number of regional banks, it was reported on June 27, 2005. The loan is to be repaid over seven years and will be used to partly finance the company’s $145m project for a new clinker facility. The new facility is expected to produce some 3Mta of clinker. At present, Union Cement has the capacity to produce a total 1.35Mta of clinker and 1.65Mta of cement. The Governme... |
Hanson expects first half profit advance24 June 2005, Published under Cement NewsHanson Plc in a trading statement said the company expects to deliver a strong performance for the first half of 2005, continuing progress made in the second half of last year. Operating profit including earnings from acquisitions is expected to be 20 percent ahead of the first half of 2004. The first half result will be announced on August 3. Hanson Aggregates North America and Hanson Building Products North America have delivered strong results. Hanson Aggregates UK’ price increa... |
Podilskyi Tsement Decides To Boost Capital24 June 2005, Published under Cement NewsShareholders of Podilskyi Tsement company one of Ukraine’s three largest producers of cement, decided at a meeting on May 11 to increase the statutory fund by UAH 59.832 million to UAH 69.804 million. The funds raised will be spent on modernisation and augmenting the production: 80 per cent to purchase, install and launch equipment necessary for transition from gas to coal in technological processes, and 20 per cent on production expansion. The company made a net profit of UAH 29.129 milli... |